This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Global > International Organisations And Human Development – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books International Organisations And Human Development Quiz 3 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The earlier name of the WTO was: A) OECD. B) GATT. C) UNIDO. D) UNCTAD. Show Answer Correct Answer: B) GATT. 2. ..... makes longer-term loans to pay for specific projects related to development or poverty reduction. A) World Bank. B) Federal Reserve. C) World Trade Organization. D) IMF. Show Answer Correct Answer: A) World Bank. 3. The headquarters of the UNESCO is at- A) Rome. B) Paris. C) Geneva. D) New York. Show Answer Correct Answer: B) Paris. 4. Which of the following institutions is not part of the World Bank community? A) IFC. B) IDA. C) WTO. D) IBRD. Show Answer Correct Answer: C) WTO. 5. Which of the following is a key theme for the G-20 Summit in 2023? A) Empowering women and youth. B) Promoting sustainable agriculture. C) Addressing climate change. D) Improving public health. Show Answer Correct Answer: C) Addressing climate change. 6. What does IMF stand for? A) I Miss Family. B) International Money Fund. C) International Market Fund. D) International Monetary Fund. Show Answer Correct Answer: D) International Monetary Fund. 7. Which country hosted the first-ever virtual G-20 Summit in 2020? A) Japan. B) Australia. C) Saudi Arabia. D) Canada. Show Answer Correct Answer: C) Saudi Arabia. 8. The G-20 consists of how many continents? A) 5. B) 4. C) 3. D) 2. Show Answer Correct Answer: C) 3. 9. What is the concept of 'trickle down' effect in neo-liberal capitalism? A) The equal distribution of wealth among the population. B) The gradual improvement of living standards for all. C) The concentration of wealth in the hands of a few. D) The transfer of economic benefits from the rich to the poor. Show Answer Correct Answer: C) The concentration of wealth in the hands of a few. 10. China's invasion of India in 1962, ..... had supported India at UNO. A) China. B) Russia. C) USA. D) Brazil. Show Answer Correct Answer: B) Russia. 11. ..... is an interest-bearing international reserve asset created by the IMF in 1969 to supplement other reserve assets of member countries. A) ADRs. B) SDRs. C) FCCBs. D) GDRs. Show Answer Correct Answer: B) SDRs. 12. What is the major natural resource of the Middle East? A) Gold. B) Diamonds. C) Apples. D) Oil. Show Answer Correct Answer: D) Oil. 13. A member from WTO cannot set the trade policy which discriminate between its trading partner. It can impose a higher tariff on imports from one country and a lower one on imports from another country. A) False. B) True. Show Answer Correct Answer: A) False. 14. Which of the following names/terms is NOT associated with the World Trade Organization (WTO)? [Punjab & Sindh Bank 2011] A) GATS. B) UNCTAD. C) SEWA. D) FTA. E) GATI. Show Answer Correct Answer: C) SEWA. 15. The WTO continues the GATT's emphasis on equal, non-discriminatory treatment for all member countries (excepting trading blocs). What principle is this? A) Non-discrimination. B) Free trade. C) Predictability. D) Promotion of fair competition. E) Development and economic reform should be encouraged. Show Answer Correct Answer: A) Non-discrimination. 16. Where is the headquarters of BRICS New Development Bank situated? A) Moscow, Russia. B) Shanghai, China. C) Beijing, China. D) Cape Town, South Africa. Show Answer Correct Answer: B) Shanghai, China. 17. Which is the highest decision making body of UNCTAD? A) Secretariat. B) Quadrennial Conference. C) Executive committee. D) Standing committee. Show Answer Correct Answer: B) Quadrennial Conference. 18. Special Drawing Rights (SOR) facility is available at : [SSC Graduate 2003] A) International Monetary Fund (IMF). B) World Bank (IBRD). C) International Development Association (lDA). D) Organisation of Economic Cooperation and Development (OECD). Show Answer Correct Answer: A) International Monetary Fund (IMF). 19. The headquarters of World Trade Organisation is in : [CDS 2000] A) Seattle. B) Montreal. C) The Hague. D) Geneva. Show Answer Correct Answer: D) Geneva. 20. ..... is a financial facility of the IMF, established in 1997 over and above its ordinary lending to provide financial assistance to member countries experiencing exceptional BOP difficulties A) Stand By arrangement. B) Supplementary Finance Facility. C) Gold or Reserve tranche. D) Extended Fund Facility. Show Answer Correct Answer: B) Supplementary Finance Facility. 21. Which of the following countries is not a member of both the G-20 and the BRICS group? A) Russia. B) India. C) South Africa. D) Brazil. Show Answer Correct Answer: C) South Africa. 22. "Trade Negotiation & Dispute Settlement" is the major objective of which of these A) BRICS. B) IMF. C) WTO. D) ASEAN. Show Answer Correct Answer: C) WTO. 23. PIIGS is the group of nations falling under........ [RBI Grade B Officer 2011] A) Euro zone. B) Asia Pacific. C) Commonwealth. D) NATO. E) SAARC. Show Answer Correct Answer: A) Euro zone. 24. The World Bank and IMF gives respectively: A) Long term and short term credits. B) Short term and long term credits. C) Both long term credits. D) Both short term credits. Show Answer Correct Answer: A) Long term and short term credits. 25. How often the meeting of BRICS held? A) Once in four years. B) Once in three years. C) Biennial. D) Annually. Show Answer Correct Answer: D) Annually. 26. Which nation leads the Middle East region in the production and export of oil? A) Kuwait. B) Saudi Arabia. C) Iran. D) Iraq. Show Answer Correct Answer: B) Saudi Arabia. 27. What is an element of the World Bank's enforcement? A) Borrowing becomes part of the sovereign debt of the borrower. B) Borrowing becomes part of the sovereign debt of the borrower. C) Both a and b are correct. D) Neither a nor b are correct. Show Answer Correct Answer: C) Both a and b are correct. 28. The main reason for Sino-Indian war (India China war) is. A) India Pakistan rivalry. B) Tibetan crisis. C) River water disputes. D) Arunachal Pradesh. Show Answer Correct Answer: B) Tibetan crisis. 29. To date how many summits of G20 have been held? A) 12. B) 5. C) 17. D) 13. Show Answer Correct Answer: C) 17. 30. The headquarters of Food and Agriculture Organisation is in- A) Madrid. B) Rome. C) Paris. D) Washington. Show Answer Correct Answer: B) Rome. 31. When a country faces serious medium-term BOP problems because of structural weaknesses that require time to address, the IMF can assist through an ..... A) Stand By arrangement. B) Supplementary Finance Facility. C) Gold or Reserve tranche. D) Extended Fund Facility. Show Answer Correct Answer: D) Extended Fund Facility. 32. What is a 'Hinterland'? A) Area of influence of a port, city or industry. B) The neighbouring places to a port. C) The places from where a port receives its goods. D) The places to which a port supplies its goods. Show Answer Correct Answer: A) Area of influence of a port, city or industry. 33. India faced serious food shortages in 1950's and 1960's. So food grains were an important item of import. What changed this condition after 1970's? A) High Price of grains in International market. B) Decline in population. C) Spread of epidemics. D) The success of Green revolution in India. Show Answer Correct Answer: D) The success of Green revolution in India. 34. What are some of the topics that will be discussed at the G20 summit in 2023? A) Global security. B) Global climate change. C) Global health. D) The global economy. Show Answer Correct Answer: B) Global climate change. 35. Where is IMF located? A) L.A. B) Tokyo. C) Washington D.C. D) Alberta. Show Answer Correct Answer: C) Washington D.C. 36. Both the IMF and World Bank structures were created and decided upon at the forum known as A) Louvre Accord. B) Plaza Accord. C) Smithsonian Agreement. D) Bretton Woods Conference. Show Answer Correct Answer: D) Bretton Woods Conference. 37. Observe Table 8.5. Why does India import edible oil, inspite of being an agriculturally rich country? Choose the best possible answer. A) India is largest producer of edible oil in the world. B) Indians consume a lot of oily food. C) India doesnot produce oilseeds. D) The consumption of edible oil in India is more than its production. Show Answer Correct Answer: D) The consumption of edible oil in India is more than its production. 38. Which country is the largest debtor of UNO? A) U.S. B) India. C) Mexico. D) Japan. Show Answer Correct Answer: A) U.S. 39. HOW MANY MEMBERS DOES WORLD BANK HAVE? A) 108. B) 189. C) 173. D) 161. Show Answer Correct Answer: B) 189. 40. Find the odd member country outDuring its formation in 2006 its members were Brazil, Russia, India, China, and South Africa respectively. A) South Africa. B) China. C) Brazil. D) None of above. Show Answer Correct Answer: A) South Africa. 41. Indo-China relationship is based on principles. A) Communist and Hindu. B) Political and Economic. C) Panchsheel and Hindi-Chini Bhai-Bhai. D) Democracy and Equality. Show Answer Correct Answer: C) Panchsheel and Hindi-Chini Bhai-Bhai. 42. India and China's mutual relationships were guided by. A) Panchasheela principles. B) Non-Alied Movement. C) Aparthied policy. D) Human rights declarations. Show Answer Correct Answer: A) Panchasheela principles. 43. The assistance provided to developing countries concerns trade-related issues arising from WTO trade agreements. What is this function? A) It facilitates co-operation with other international organisations. B) It monitors national trade policies. C) It provides technical assistance and training for developing countries. D) It provides a forum for trade negotiations. E) It handles trade disputes. Show Answer Correct Answer: C) It provides technical assistance and training for developing countries. 44. Which of the following organizations is not affiliated with the G-20? A) World Bank. B) International Monetary Fund (IMF). C) United Nations (UN). D) World Trade Organization (WTO). Show Answer Correct Answer: C) United Nations (UN). 45. Which of the following is not true about 'Balance of Trade'? A) Developing countries have negative balance of trade. B) Developed countries have negative balance of trade. C) It refers to the difference between the value of imports and the value of exports. D) Balance of trade has no relation with developing and developed countries. Show Answer Correct Answer: B) Developed countries have negative balance of trade. 46. Kochi and Karwar in India are examples of: A) Inland Port. B) Naval Port. C) Out Ports. D) Comprehensive Ports. Show Answer Correct Answer: B) Naval Port. 47. How often is the G-20 Summit held? A) Annually. B) Biennially. C) Triennially. D) Quadrennially. Show Answer Correct Answer: A) Annually. 48. Which country is scheduled to host the 2022 G-20 Summit? A) Japan. B) Italy. C) Saudi Arabia. D) India. Show Answer Correct Answer: B) Italy. 49. ..... is a group of countries agree to abolish all trade restrictionsand barriers A) Free Trade Area. B) Custom Union. C) Economic Union. D) Common market. Show Answer Correct Answer: A) Free Trade Area. 50. Where is the World Bank HQ? A) New York. B) Berlin. C) Washington DC. D) Brussels. Show Answer Correct Answer: C) Washington DC. 51. Very often we read about the Doha Ministerial Conference 2001 in reference to WTO negotiations. What were the major issues over which nations were of different opinions? [Punjab & Sindh Bank 2011] A) Providing subsidy to agriculture. B) Export of patented drugs/medicines by developed nations. C) Restriction on natural movement of people from one nation to other. D) Only A. E) Only B. F) Only C. G) Both A and C. H) None of these. Show Answer Correct Answer: D) Only A. 52. 'Difference of natural resources' is an important basis of interanational trade. Which of the following factors doesn't explain difference in natural resources? A) Mineral resources are unevenly distributed. B) Variation in climate causes variation in natural vegetation. C) Densely populated countries have large volume of internal trade. D) None of these. Show Answer Correct Answer: C) Densely populated countries have large volume of internal trade. 53. International trade is based on which of the following principles? A) Principle of Comparative advantage. B) It should be mutually beneficial to the trading partners. C) Complimentarity and Specialisation of skills. D) All of these. Show Answer Correct Answer: D) All of these. 54. The South Asian Free Trade Area (SAFTA) is an agreement which aims to A) Build a stronger political alliance by 2016. B) Reduce customs duties of all traded goods to zero by the year 2016. Show Answer Correct Answer: B) Reduce customs duties of all traded goods to zero by the year 2016. 55. When was South Africa inducted into BRIC (Brazil, Russia, India, China) to form BRICS? A) 2009. B) 2008. C) 2011. D) 2010. Show Answer Correct Answer: D) 2010. 56. What does IMF do? A) Promotes International financial stability and monetary cooperation. B) Helps its members use trade as a means to raise living standards. C) The principle goal is to ensure that goods, services and labour can move easily across boarders. D) Promotes work to build better policies for better lives. Show Answer Correct Answer: A) Promotes International financial stability and monetary cooperation. 57. Unfair practices such as dumping and export subsidies are discouraged. What principle is this? A) Non-discrimination. B) Free trade. C) Predictability. D) Promotion of fair competition. E) Development and economic reform should be encouraged. Show Answer Correct Answer: D) Promotion of fair competition. 58. Which of the following is an example of 'Entreport'? A) Athens. B) Kolkata Port. C) London. D) Singapore. Show Answer Correct Answer: D) Singapore. 59. What is the initial impact of Structural Adjustment Programmes? A) An increase in living standards. B) Government subsidies on basic goods. C) Improved access to education and healthcare. D) A drop in living standards. Show Answer Correct Answer: D) A drop in living standards. 60. At the time of the creation of the IMF, it was normal for a currency's value to be fixed A) Relative to other currencies. B) Relative to the price of gold. C) Both a and b are correct. D) Neither a nor b are correct. Show Answer Correct Answer: C) Both a and b are correct. ← PreviousNext →Related QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesInternational Organisations And Human Development Quiz 1International Organisations And Human Development Quiz 2International Organisations And Human Development Quiz 4Globalisation And The Indian Economy QuizIndia S Foreign Policy QuizIndustries Infrastructure And Foreign Trade Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books